SUNNYVALE, Calif. – Finisar Corp., a high-speed network equipment provider, went public November 12, offering 8.2 million shares at $19 apiece. The company’s stock priced above its $16 to $18 filing range. Merrill Lynch & Co., J.P. Morgan & Co., Dain Rauscher Wessels, Morgan Keegan & Co. Inc. and SoundView Technology Group underwrote the initial […]
BURLINGTON, Mass. – iBasis Inc., an Internet telephony company, went public November 10, offering 6.8 million shares at $16 apiece. The company’s stock priced well above its $12 to $14 filing range. BancBoston Robertson Stephens & Co., Hambrecht & Quist Group and U.S. Bancorp Piper Jaffray underwrote the initial public offering, which left 30.5 million […]
MOUNTAIN VIEW, Calif. – Cobalt Networks Inc., a server appliance provider, went public November 5, offering 5 million shares at $22 apiece. The company’s stock priced at the top of its $20 to $22 filing range. Underwritten by Goldman, Sachs & Co., Merrill Lynch & Co., BancBoston Robertson Stephens & Co. and SoundView Technology Group, […]
ENGLEWOOD, Colo. – XCare.net Inc., a health-care software company, filed to go public November 2. The company placed the offering at $60 million. BancBoston Robertson Stephens, SG Cowen Securities Corp., E*OFFERING Corp. and Advest Inc. will underwrite the initial public offering. Venture backers include Nazem & Co. L.P., Atlantic Medical Capital L.P., Sequel Venture Partners, […]
DENVER – Sovereign Financial Services in late November held a first close on its second fund-of-funds, notching just over $70 million. Sovereign New Millennium Fund II, nicknamed “Millie II,” targets $125 million and was launched last spring (VCJ, April 1999, page 26). The advising firm and funds-of-funds manager will hold rolling closes until it reaches […]
IRVINE, Calif./Saddle Brook, N.J. – Innocal at press time was anticipating an early December first close on Innocal II, the group’s first fund marketed to investors beyond the single limited partner that backed the first fund. Marketing for Innocal II commenced more than a year ago (VCJ, November 1998, page 20), but did not go […]
Venture capitalists are starting to seize opportunities in technology and services companies in the utilities sector as the government breaks down its traditionally monopolistic walls and opens the industry up to competition. While many firms make opportunistic investments in the utilities space, three firms usually come to mind when energy deals are mentioned: EnerTech Capital […]
Who should invest in venture capital? The answer long has been wealthy families and individuals – a category that now includes many entrepreneurs – and institutions, such as pensions and endowments. The average wage earner, even the above-average wage earner, had not been invited to take part … until recently. Typical Americans have gained entry […]
BALTIMORE – ABS Capital Partners invests in mid- to late-stage technology, business services, media and communications, health-care and Internet companies. The firm does not back start-ups, turnarounds or overseas companies. The group’s latest fund, ABS Capital Partners III, closed in April on $427 million and already is 25% committed. ABS expects the vehicle to be […]
LAWRENCEVILLE, N.J. – Edison Venture Fund invests in expansion-stage software and communications companies, as well as environmental science and other technology businesses in the mid-Atlantic United States. Edison IV, the firm’s latest vehicle, held a third and final close in October 1999 on $116 million, beating its $100 million target. The vehicle is one-third committed […]